Heinz CEO's Golden Exit Deal

William Johnson, chief executive of H.J. Heinz Co., could walk away from the ketchup giant with more than $200 million if he leaves when its new owners take control.

The total would consist of a $56 million "golden parachute" including bonus payments and other items, $57 million in pension and deferred compensation and $99.7 million of Heinz shares that Mr. Johnson owns or controls, according to a Securities and Exchange...